• 제목/요약/키워드: Main effect index

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Stock Market Reaction to the COVID-19 Pandemic: Evidence from Kuwait

  • AL-MUTAIRI, Abdullah;AL FALAH, Abdullah;NASER, Hani;NASER, Kamal
    • The Journal of Asian Finance, Economics and Business
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    • 제9권3호
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    • pp.327-335
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    • 2022
  • The purpose of this study is to examine the Kuwaiti Stock Exchange's (KDE) response to the COVID-19 pandemic and the precautions taken by Kuwaiti authorities to protect their citizens and other residents. To achieve this objective, daily data from four different indexes published by the Kuwait Stock Exchange (KSE) for the period between 24 February and 30 June 2020, as well as daily data on the number of people infected with COVID-19, the daily number of recovered people, the daily number of deaths, lockdown days, and days the country was under curfew. The findings show a significant positive association between the daily recovery of persons infected by COVID-19 and all indexes published by the KSE except for the Boursa Kuwait Main Market 50, where the association was positive but insignificant. A negative and significant association was also found between the closure of the country and each of the four indexes. Although the curfew imposed by the Kuwaiti authorities at an early stage of the pandemic appeared to have a negative effect on the four indexes, the level of association was statistically significant only in the cases of the Main Market index and Boursa Kuwait Main Market 50 index.

한·중·일 서비스무역의 결정요인 분석 (Determinants of Trade in Services of Korea, China and Japan)

  • 최보영;방호경
    • 무역학회지
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    • 제44권6호
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    • pp.23-38
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    • 2019
  • This paper aims to empirically study how service trade regulations and FTAs have affected trade in services of Korea, China, and Japan (KCJ). We estimate the gravity equation using the OECD Services Trade Restrictiveness Index (STRI), the Heterogeneity Index, and service trade data of KCJ and their main trade partners from 2003- 2010. The analysis revealed that the more restrictive regulations measured by the STRI are negatively associated with the services trade of Korea and Japan. In addition, Korean FTAs have had a significantly positive effect on service trade. Further empirical results showed that FTAs with a longer implementation period had a greater effect on services trade.

하부틈새 크기에 따른 도어의 음향감쇠계수 분석 (Sound Reduction Index of Interior Door by Aperture Sizes at Door's Bottom)

  • 김명준
    • 한국소음진동공학회논문집
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    • 제20권9호
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    • pp.834-840
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    • 2010
  • The Sound reduction indices(SRIs) of interior door with 13 different size apertures are measured in acoustic chamber. Also, as a theoretical approach, the SRIs are estimated using Gomperts' theory. In this study, the aperture of interior door is focused on the lower part of door leaf which is well known as a main cause to deteriorate the sound insulation performance of door. The results show that the SRI of door strongly depends on the aperture width and the dip in the measured sound reduction index curve by the resonance effect within aperture is observed at high-frequency. On the whole, the values calculated by theory are in good agreement with the measured values including the position of resonance dip. The average difference between the measured and the calculated values is 0.9 dB for 13 doors with different size aperture in terms of the weighted SRI.

점용접부 내구 영향도 지수와 실험 계획법을 이용한 자동차 부품 점용접 설계 (Design of Spot Weld Based on the Durability Influence Index and the DOE Analysis)

  • 최누리;주병현;박정민;엄재성;변형배;김동석;이병채
    • 대한기계학회논문집A
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    • 제30권9호
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    • pp.1142-1147
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    • 2006
  • A practical method for reducing the number of spot welds in automotive structures considering fatigue crack initiation life is suggested. At first, an influence index for the durability and the fatigue life of a spot weld itself is defined and then taken as the main effect of the DOE analysis. Spot welds that can be removed without serious reduction of durability through numerical experiments are selected by the results of DOE. The proposed method was applied to the shock tower and LCA(lower control arm) structure of a vehicle, which are important components in durability-related point of view.

생간건비탕가감을 투여한 알콜성 간경변증 환자 치험 1례 (Saenggangeonbi-tang's Effect on Alcoholic Liver Cirrhosis - 1 Case)

  • 이은;고흥
    • 대한한의학회지
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    • 제21권3호
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    • pp.213-219
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    • 2000
  • We treated a 53 year-old male patient. He had alcoholic liver cirrhosis and diabetes. The main symptoms were fatigue, ascites, edema, anorexia, indigestion, constipation, and abdominal pain. We diagnosed him as 'the retention of pathogenic damp-heat in the liver and gall bladder’ and adminstered Saenggangeonbi-tang three times a day. We observed clinical symptoms, liver function test(AST, ALT, ${\gamma}-GT$, ALP, total bilirubin), nutritional state(total protein, albumin) and capillary blood glucose. After treatment, all the main symptoms disappeared and the patient's nutritional state has improved. Child's grade using the improvement index in liver cirrhosis has changed from B to A. Although the very mechanism of Saenggangeonbi-tang was not proven, we could suggest that Saenggangeonbi-tang is not toxic to the liver and has a good effect on alcoholic liver cirrhosis with diabetes mellitus.

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Effect of geometrical configuration on seismic behavior of GFRP-RC beam-column joints

  • Ghomia, Shervin K.;El-Salakawy, Ehab
    • Advances in concrete construction
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    • 제9권3호
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    • pp.313-326
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    • 2020
  • Glass fiber-reinforced polymer (GFRP) bars have been introduced as an effective alternative for the conventional steel reinforcement in concrete structures to mitigate the costly consequences of steel corrosion. However, despite the superior performance of these composite materials in terms of corrosion, the effect of replacing steel reinforcement with GFRP on the seismic performance of concrete structures is not fully covered yet. To address some of the key parameters in the seismic behavior of GFRP-reinforced concrete (RC) structures, two full-scale beam-column joints reinforced with GFRP bars and stirrups were constructed and tested under two phases of loading, each simulating a severe ground motion. The objective was to investigate the effect of damage due to earthquakes on the service and ultimate behavior of GFRP-RC moment-resisting frames. The main parameters under investigation were geometrical configuration (interior or exterior beam-column joint) and joint shear stress. The performance of the specimens was measured in terms of lateral load-drift response, energy dissipation, mode of failure and stress distribution. Moreover, the effect of concrete damage due to earthquake loading on the performance of beam-column joints under service loading was investigated and a modified damage index was proposed to quantify the magnitude of damage in GFRP-RC beam-column joints under dynamic loading. Test results indicated that the geometrical configuration significantly affects the level of concrete damage and energy dissipation. Moreover, the level of residual damage in GFRP-RC beam-column joints after undergoing lateral displacements was related to reinforcement ratio of the main beams.

모델유형과 제품의 성 정체성 그리고 메시지 소구에 따른 크로스 광고모델 효과 (Cross-Model Effect of Model Types, Product Gender Identity and Message Appeal Type)

  • 김은희;유승엽
    • 디지털융복합연구
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    • 제12권6호
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    • pp.105-114
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    • 2014
  • 본 연구는 최근 기업과 소비자들에게 이슈화되고 있는 크로스 광고모델 효과를 살펴보았다. 실험설계는 모델 유형(2)${\times}$제품의 성 정체성(2)${\times}$광고메시지 소구형태(2) 요인설계이다. 연구결과 첫째, 광고 모델유형에 따른 광고 인지반응은 일반 모델보다 크로스 모델의 회상지수가 더 높게 나타났다. 둘째, 제품의 성 정체성에 따른 광고 인지반응은 남성제품보다 여성제품에서 회상지수가 더 높게 나타났다. 셋째, 광고주목도 변량분석결과 모델 유형과 메시지 소구유형은 각각 주 효과가 확인되었다. 또한 모델의 유형과 제품의 성 정체성, 모델유형과 메시지 소구유형에서 상호작용효과가 확인되었다. 끝으로, 모델 제품 적합도를 분석결과, 모델유형과 제품의 성 정체성 그리고 메시지 소구유형에는 주 효과가 확인되었다. 이상의 결과는 광고효과를 효율적으로 증진시키기 위한 모델전략에 의미 있는 결과를 확인하였다는 것에 의의를 두고자 한다.

베이비붐세대의 디지털라이프 지수 (Digital Life Index of Babyboom Generation)

  • 권순재;김미령
    • 한국정보시스템학회지:정보시스템연구
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    • 제23권1호
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    • pp.161-184
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    • 2014
  • Our study measures the Digital Life Index (DLI) of baby boomers by considering the utilization of digital devices in their everyday life. The study was conducted by implementing the following three-step approach: (1) development of survey questions and data collection; (2) build Digital Life Index (DLI) model and lastly; (3) empirical analysis using the Digital Life Index (DLI). In the first stage in order to develop the survey questions to measure the digital index, two surveys were conducted. For the first preliminary survey, it was done based on the existing literatures which enabled this investigation through FGI analysis involving real professionals. The second survey was conducted by commissioning a specialized external firm. In this survey, a total of 400 data was collected to verify the validity and objectivity of the data sample. The data gathered through the survey questions was used to develop the digital index. Firstly, the appropriate factors were extracted by conducting factor analysis. This factor analysis validates and verifies the factors which are appropriate in measuring Digital Life Index (DLI). The derived factors are broadly divided into five main factors. The first factor describes the possession, purchase and use of digital device (x1). Meanwhile, the second factor describes the digital device's software (x2) and the third factor describes the participation in utilizing digital device (x3). The fourth factor describes the utilization of digital device in human personal relationship (x4) and lastly, the fifth factor describes the effect of digital device in everyday life and work environment (x5). Secondly, the digital index model was developed. The variables to represent the Digital Life Index (DLI) are ${\chi}1t,{\chi}2t,{\chi}3t,{\chi}4t$ and ${\chi}5t$. Furthermore, as experience in using the digital index grows overtime, the growth can be represented by the "S" shape. Based on the results, Digital Life Index(DLI) is distributed with the highest point at 90.3 and the lowest point at 25.9.

The Importance of Financial Literacy: Household's Income Mobility Measurement and Decomposition Approach

  • MONSURA, Melcah Pascua
    • The Journal of Asian Finance, Economics and Business
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    • 제7권12호
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    • pp.647-655
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    • 2020
  • This study introduced income mobility analysis using pseudo-longitudinal panel data from Family Income and Expenditure Survey (FIES) to consider the dynamic process of individual's well-being through time. Since there is no comprehensive measurement of income mobility because of its dynamic process, various income mobility indices such as Chi-square, Average Jump Index, Atkinson et al. Mobility Ratio, and Shorrocks' Mobility Index were used. These indices revealed that Filipino households' income movements are more mobile than expected, and their income status improved from 2000 to 2015. As income mobility takes place, income inequality is reduced by 91.80 percent (91.80%). Furthermore, the growth effect is the main factor of income mobility. This indicates that households took the economic opportunities from economic growth to earn more. However, income mobility due to transfer effect (transfer of income from one household to another through lottery winning and borrowing) increased when the economy is not good. The higher income mobility due to growth effect compared to transfer effect, whether the economy is good or bad, means that households learned how to use their income in savings, investments, and entrepreneurship. This is the result of a successful financial literacy program of the government wherein households realized financial stability and security.

KOSPI 200지수종목의 변경에 따른 시장반응 : 규모와 시장요인에 따른 그룹간 비교분석 (The Market Effect of Additions or Deletions for KOSPI 200 Index : Comparison between Groups by Size and Market Condition)

  • 박영석;이재현;김대식
    • 재무관리연구
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    • 제26권1호
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    • pp.65-94
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    • 2009
  • 본 연구는 KOSPI 200주가지수의 구성종목 변경 사건에 대한 시장반응을 재검증하는 데 초점을 두었다. 국내에서 두 차례 이루어진 과거 실증연구들에서는 KOSPI 200지수종목의 변경이 정보력이 없는 사건으로 분석되었으며, 일부 표본에 대해서만 가격압박가설을 지지하는 것으로 나타났다. 본 연구는 이러한 실증적 결과가 변경기업의 속성과 주식시장의 장세에 따라 다르게 나타날 수 있다고 판단하여 기업규모와 시장상황에 따라서 샘플을 구분하여 분석하였다. 실증분석의 결과 지수종목에 신규로 포함되는 기업의 경우 평균적으로 가격압박가설을 지지하는 것으로 나타났다. 또한 종목들을 기업규모와 시장상황에 따라 나누어서 분석해보면 주가반응이 크게 나타났던 년도의 표본수가 많지 않았기 때문에 시장의 평균적 반응을 살펴보면 정보력이 없거나 가격압박가설을 지지하는 것처럼 나타난 것으로 분석되었다. 이러한 연구결과는 거래량분석을 통해서도 지지되었는데, 시가총액이 큰 기업은 공시일 전에 새로운 지수종목으로 진입될 것을 예상되기 때문에 공시일 이전에 거래량이 크게 증가하는 것으로 나타났다. 그러나 지수종목에서 탈락되는 기업의 경우에서는 장기적인 주가반응이 뚜렷하게 나타났지만 거래량에 의한 추가적 설명은 부족한 것으로 분석되었다.

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